The life-cycle dynamics of exporters and multinational firms

摘要: This paper studies the life-cycle dynamics of exporters and multinational enterprises (MNEs). We present a dynamic model trade MNE activity in which mode serving market depends on well-known proximity-concentration tradeoff. show that option performing activities produces patterns for differ from those an export-only model. Calibrating our to rich firm-level data France Norway, main quantitative finding is reduction costs triggers much larger responses growth rates exit rates, young exporters, with MNEs than without MNEs. also largely consistent set new facts joint behavior